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Peru Bolsters Mining Sector with $2 Billion Antamina Extension

Peru has greenlit a $2 billion extension for the Antamina copper mine, a move poised to strengthen its mining sector amid economic and political...

Peru’s Leadership Shift Amid Challenges

Peru's President Dina Boluarte revamped her cabinet, signaling a major change during a period marked by demands for early elections. Amid economic downturns and political...

Peru’s Trade Surplus Hits $17.4 Billion in 2023

In 2023, Peru recorded a $17.401 billion trade surplus, marking its eighth consecutive year of positive trade results, the Central Reserve Bank of Peru...

Emergency in Peru: 96 Areas Hit by Heavy Rains

Peru's leaders have identified 96 locations across 15 regions in urgent need of assistance due to heavy rains. The news came out in El Peruano,...

Peru Continues Interest Rate Cuts Amid Lower Inflation

The Central Reserve Bank of Peru has once again cut its benchmark interest rate, now from 6.50% to 6.25%. This decision, made at their February...

Peru’s Farming Output Faces Steepest Decline Since 1992

Peru's farming sector saw a 2.9% drop in output last year, the sharpest decline since 1992. The coastal El Niño effect played a big part,...

Peru Inflation Edges Closer to Central Bank’s Goal

In January 2024, inflation in Lima, Peru, saw a slight increase of 0.02%, reaching an annual figure of 3.02%. This was lower than the 0.13%...

Peru’s Tunnel Project: A Gateway to Machu Picchu

Peru is close to completing a key infrastructure project in the Cusco region, which will offer a new, efficient route to Machu Picchu. This initiative...

Argentina’s Firm Stance Amid Brazil and Peru’s Closer Ties with China

Brazil has recently deepened its ties with China, guided by a multipolar world view. This shift led President Lula to include the Chinese Army in...

Peru-China Military Talks

Peru and China have initiated discussions to enhance their military relationship, marking a significant shift in South American geopolitics. A six-member Chinese military delegation visited...

Peru Rises as a Leading Global Avocado Exporter

Peru has emerged as a global leader in avocado exports, now ranking as the world's second-largest exporter. The Peruvian Ministry of Agricultural Development and Irrigation...

Petroperú Seeks Major Financial Lifeline

Petroperú, the state-owned oil company of Peru, is actively seeking government support to address its financial challenges. The company has requested approximately $1.15 billion from...

Peru’s Mining Exports Surge by 11.7% in January-November 2023

From January to November 2023, Peru's mining exports reached $38.673 billion, marking an 11.7% increase during that period. The National Society of Mining, Petroleum, and...

Peru’s Economy in 2023: A Brief Analysis

In 2023, Peru's economy encountered challenges, experiencing a 0.57% decline from January to November. Yet, November showed a 0.29% rise, suggesting a possible end to...

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